RBI pushes banks to enhance the security of card acceptance in India

Mon, Jun 3, 2013: As part of efforts to fight against card frauds and cyber-attacks, Reserve Bank of India (RBI), India’s central bank has mandated all the banks in the country to ensure their merchant terminals are certified for PCI-DSS and PA-DSS by June 30, 2013. RBI also asking card issuing bank to migrate magnetic stripe credit cards to EMV chip cards as soon as possible to safeguard consumers against fraud.

Author: VSDaily Editor

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